2225 W Franklin St - Storefront FOR SALE


Evansville, IN 47712- Lamasco
$925,000 USD
812-589-3368
2225 W Franklin St, Evansville, IN for Sale
$925,000 USD
Storefront - FOR SALE
1/36
null | Request Cap Rate

2225 W Franklin St
Evansville, IN 47712
Lamasco


HIGHLIGHTS

  • Substantial Footprint: Two-story building featuring 10,094 total SF (5,047 SF per floor) with rich local history as the former Paul’s Menswear.
  • Rare Dedicated Parking: Includes ample private parking behind the property—an extremely scarce and valuable asset along West Franklin Street.
  • Flexible Interior Layout: Open floor plans on both levels, providing versatile space ideal for large-scale retail, showroom, or single/multi-tenant la
  • Prime Redevelopment Asset: Exceptional potential for a high-value mixed-use conversion (e.g., ground-floor retail/dining with upper-floor residential

OVERVIEW

SVN | The Martin Group is pleased to present 2225 W Franklin St, a historic 10,094 SF commercial property located on one of Evansville, Indiana’s most desirable commercial districts. Long known as the home of Paul’s Menswear, this iconic two-story asset features a generous 5,047 SF layout per floor and combines deep-rooted local history with immense commercial potential. The building’s interior features expansive, open floor plates on both levels, offering an incredible canvas for a retail owner-user or creative tenant layout. Adding tremendous intrinsic value to the site is the dedicated parking lot situated directly behind the building, a rare feature for Franklin Street properties that provides convenient, hassle-free access for customers and tenants. Beyond traditional commercial use, 2225 W Franklin St represents a standout redevelopment opportunity for visionary investors. The multi-story structure is uniquely positioned for a mixed-use conversion, allowing developers to capitalize on the demand for upper-level urban residential apartments along Franklin St. while maintaining prime ground-floor retail, medical, or event space. With its unmatched location, historic significance, and structural flexibility, this asset presents a landmark acquisition opportunity in Evansville's West Side. The property is exceptionally situated at 2225 W Franklin Street, anchored in the vibrant heart of Evansville’s iconic West Franklin business and cultural district. Renowned for its walkable, community-driven atmosphere, West Franklin Street is one of the region's premier commercial corridors, boasting high pedestrian volume, steady daily vehicular traffic, and a dense mix of local restaurants, retail shops, and nightlife destinations. As the centerpiece corridor for famous annual events like the West Side Nut Club Fall Festival, this prime position offers unbeatable street presence, historic charm, and direct connectivity to surrounding residential neighborhoods and downtown Evansville.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Residential, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C-4

APN/PARCEL ID

82-05-24-030-028.002-029,82-05-24-030-028.003-029,82-05-24-030-028.021-029

ASK ABOUT THIS PROPERTY

Chris StuardSVN | The Martin GroupMore Info
812-589-3368

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Chris StuardSVN | The Martin GroupMore Info
812-589-3368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.